Feb. 15, 2014
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U.S. Capitol building is seen in Washington. / Pablo Martinez Monsivais, AP

by Adam Shell , USA TODAY

by Adam Shell , USA TODAY

Amid all the angst about lousy weather, retail sales, corporate earnings, and emerging market turbulence, one positive market-moving event has occurred under the radar and has provided support for the stock market.

Last week's low-key move by the Republican-controlled House of Representatives to suspend the debt ceiling until March 2015 and the Senate's subsequent approval vote was bullish for stocks.

Indeed, government-induced market crises, such as the government shutdown in October, are now less likely. And that's a good thing for the stock market.

"After several years of heightened uncertainty over fiscal policy, when it seemed like there was always an impending budget crisis just around the corner, we now have at least 12 months of calm," Paul Ashworth and Paul Dales of Capital Economics informed clients in a research note Friday.

And if you add in the fact that the Treasury would be able to employ its "usual tricks" to prevent the government from defaulting on its obligations, it might not be until the summer of 2015 before the next fight over the debt ceiling arrives.

"The upshot is that we might not reach crunch time over the debt ceiling until late summer 2015, giving us up to 18 months of fiscal certainty," according to Capital Economics.

In short, with government gridlock, government shutdowns and government infighting off the table, stock investors have a few less things to worry about.